ICYMI: Blight elimination in Detroit could top $1B, final Packard Plant payment made

12:07 AM,
Dec. 13, 2013

The old Packard plant sits in ruin on Tuesday, March 27, 2012 in Detroit.

Written by

Detroit Free Press staff

Catch up on some of the top headlines and stories that happened in metro Detroit and Michigan on Wednesday, December 12.

■
Peru developer makes final payment on Packard Plant
: Peru-based developer Fernando Palazuelo told the Free Press Thursday afternoon that he has made the final payment due to the Wayne County Treasurer's office to buy the derelict Packard Plant. In late November Palazuelo wired a 10% down payment on his $405,000 bid. The Wayne County Treasurer has given him until Dec. 18 to pay the remaining balance. - By
John Gallagher
, Detroit Free Press Business Writer